Sprout Social shares dropped in the extended session Tuesday after the social-media management software company's forecast revenue below expectations.
Sprout Social Inc. shares dropped in the extended session Tuesday after the social-media management software company’s revenue forecast for the current quarter fell short of Wall Street estimates.
Sprout... Sprout Social Inc. shares dropped in the extended session Tuesday after the social-media management software company’s revenue forecast for the current quarter fell short of Wall Street estimates. Sprout forecast revenue between $78.6 million and $78.7 million for the second quarter, and $332 million to $333 million for the year. Analysts surveyed by FactSet had estimated second-quarter revenue of $79.9 million, and $332.2 million for the year.
Adjusted earnings, which exclude stock-based compensation expenses and other items, were 6 cents a share, versus a loss of 3 cents a share in the year-ago period.
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